Sun Chemical expands packaging offering with Italian acquisition
Wednesday, January 12, 2022
Sun Chemical has acquired SAPICI, a specialist in high-performance polyurethanes for coatings, flexible packaging and industrial adhesives.
The US-headquartered ink and consumables giant said its deal for the Italian company, which was announced on Monday (10 January), reinforces its integrated supply strategy in the packaging market by adding capabilities to develop and produce unique polymers for the entire portfolio of inks, coatings, and lamination adhesives.
The combined resources and technologies of the businesses are expected to provide “a comprehensive and unique polymer portfolio for areas such as industrial coatings, elastomers, industrial adhesives, and sealants”.
“Providing our customers with the most effective solutions on the market is priority number one, and the acquisition of SAPICI enables innovation in lamination adhesives to better serve this base,” said Mehran Yazdani, Sun Chemical president of Global Packaging and Advanced Materials.
“SAPICI’s core competencies in the manufacturing of ultra-low monomer isocyanates-based solutions will allow Sun Chemical to further address both current and future trends in sustainability, compliance, food contact, health and safety – reinforcing our commitment to responsible care.”
SAPICI CEO Cristian Furiosi added: “By joining forces with industry leader Sun Chemical, our team can utilise their vast resources for the next wave of innovation in coatings, adhesives, elastomers and sealants applications, ultimately improving the products our customers rely upon daily.
“The extensive experience and product portfolio our organisation has in this market, combined with Sun Chemical and [parent group] DIC Corporation’s expertise and complementary products, provide an all-encompassing solution to excite our customers.”
Together with DIC, Sun Chemical has annual sales of more than $8.5bn (£6.25bn) and employs over 22,000 staff.